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Chris Berry, founder of Mountain Partners asset management company, provided an interesting summary of the graphite space while speaking at the recent Graphite Express Conference in Vancouver.
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This statistic displays the global graphite price from 2011 to 2014, and a forecast up to 2020, by flake grade. In 2016, the price for large graphite flakes is expected to reach 996 U.S. dollars per metric ton. Until 2020, the price for this flake grade was expected to increase to 1,165 dollars per metric ton.
Vedanta’s Zinc India business, meanwhile, increased its mined metal output by 4% year-on-year to 947 000 t, while integrated zinc, lead and silver production rose by 18%, 21% and 23% respectively.
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decline. The mining sector contributed 3.4% of India’s GDP in 1992-93. This declined to 3.0% in 1999-2000, and further to 2.3% in 2009-10. And with the sector contracting in absolute terms in the last couple of years, the contribution of the mining sector to India’s GDP has come down to 2% in 2012-13.
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Fuchsite and other iron-rich micas accompany the graphite and sulphide mineralization in the more silicified horizons. The Lac Knife graphite property was discovered by D.L. Murphy during geological survey work by the Québec Ministry of Energy and Resources.
Vedanta’s Zinc India business, meanwhile, increased its mined metal output by 4% year-on-year to 947 000 t, while integrated zinc, lead and silver production rose by 18%, 21% and 23% respectively.
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The known world reserves of graphite are estimated to be 800 million metric tons, which 11 million metric tons amorphous graphite reserves are in India. KS Mine is the only know mine in India to have "flaky" graphite with an estimated reserve of 1.8 million metric tons.
Graphite is another major mineral produced in the country and, according to IM’s Natural Graphite 2012 Report, India is the fourth largest producer of graphite in the world. The country’s graphite production dropped by 15% to 30,000 tonnes last year and is likely to fall below the 25,000 tonne mark this year.
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Sponge and pig iron manufacturers represented by the Alloy and Steel Manufacturers’ Association of Goa, in a communication to the Steel Ministry, has warned that shortages of iron-ore from Goa mines threaten closure of pig iron and sponge iron manufacturing plants in the western region.
Currently, India is struggling to hold on to its title of third largest iron ore exporter. According to data released by the Federation of Indian Mineral Industries, the ban effects in Goa and Karnataka already cost the country about $10 billion.
